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BenefitsLink® Message Boards Digest

April 9, 2024

Here are the most recently added topics on the BenefitsLink® Message Boards

Keith Lowery created a topic in 401(k) Plans

2023 Profit Sharing Contribution Made to 2024 PEP

"I have a plan that joined a PEP with an effective date in January of 2024. The assets have already transferred to the PEP. Now, they would like to make their 2023 PS contribution. Can they make this to the PEP? In a perfect world, it could be made to the prior recordkeeper before the transfer of assets, but that is not the case. Any issue in making the 2023 PS to the PEP?"

1 reply so far   |    Click Here to Add a Reply

Belgarath created a topic in Employee Stock Ownership Plans (ESOPs)

The Corporate Transparency Act (CTA) Went Into Effect January 1, 2024

"If/when this applies to an ESOP, does the TPA have any obligation, or is this just a corporate/legal reporting issue that the TPA does not need to worry about?"

1 reply so far   |    Click Here to Add a Reply

Basically created a topic in Retirement Plans in General

IRS 'Made Changes' Notice

"A client received a letter that I have never seen. The notice tells them that the IRS has made changes to the form 5500 and as a result the client owes $49,500 + interest (see attached). What is this?"

2 replies so far   |    Click Here to Add a Reply

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